• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Business News

Latest business breaking news from around the world

  • Home
  • Markets
  • Business
  • Investing
  • Tech
  • Politics

West texas intermediate

Oil weakens as market awaits signs of China demand recovery

February 3, 2023 by business.inquirer.net

SINGAPORE  – Oil prices eased on Friday, with major benchmarks headed for their second straight week of losses, as the market awaited further signs of fuel demand recovery in China to offset looming slumps in other major economies. Brent crude futures fell 34 cents, or 0.4 percent, to $81.83 a barrel by 0740 GMT, while U.S. West Texas Intermediate (WTI) crude futures slid 37 cents, or 0.5 percent, to $75.51. Both contracts have dropped by more than 5 percent so far this week, with mixed signals on fuel demand recovery in China, the world’s top oil importer, keeping a lid on prices. ANZ analysts pointed to a sharp jump in traffic in China’s 15 largest cities following the Lunar New Year holiday, but also noted that Chinese traders had been “relatively absent”. The prospect of an economic rebound in China after COVID-19 curbs eased has buoyed the oil market so far this year, along with a weaker dollar that makes the commodity cheaper for those holding other currencies. The … [Read more...] about Oil weakens as market awaits signs of China demand recovery

Filed Under: Business weakened immune system signs, wholesale tin signs china, wholesale markets in guangzhou china, conducting marketing research and forecasting demand, garments wholesale market in guangzhou china, automobile market share in china, essential oils central market, kfc marketing strategy in china, indian oil corporation marketing, indian oil corporation marketing division, marketing needs wants and demands, oil world market, market entry into china, market reform in china, market stall signs, iphone market share in china, bags market in guangzhou china, seg market in shenzhen china, market reforms in china, ftse emerging markets all cap china a inclusion index

Tech giants call time on stocks rally, U.S. payrolls loom

February 3, 2023 by business.inquirer.net

LONDON/SYDNEY  – A global stock rally, powered by hopes of central banks ending aggressive rate rises, ran into roadblocks on Friday following weak earnings from U.S. tech giants and as key U.S. jobs data loomed. The MSCI World Stock Index slipped 0.2 percent, but was still near its highest since last August following a sharp rebound in recent weeks on hopes that central bank rate hikes are nearing an end. Wall Street stock futures fell sharply, with contracts on the tech-heavy Nasdaq 100 2 percent lower, on disappointing earnings from Google, Apple and Amazon. S&P 500 futures slid 0.9 percent. Investors are also watching the fallout from this week’s plunge in shares of India’s Adani group, which continued to nosedive on Friday with market losses amounting to $115 billion in the wake of a U.S. short-seller’s report. In Europe, the Stoxx 600 share benchmark fell 0.6 percent. Germany’s benchmark 10-year bond yield inched 2 basis points (bps) higher to 2.097 percent, having on … [Read more...] about Tech giants call time on stocks rally, U.S. payrolls loom

Filed Under: Uncategorized stock market time, stock market timing, real time stock market, stock market real time, stock quotes real time, stocks at all time lows, stocks rally, stocks real time, Financial Times Stock Exchange, tech times, stock rally, tech stocks, time tech, best tech stocks, tech giant, tech stock, tech startups stock, Times of India Tech, TRUMP STOCK MARKET RALLY, tech time

Oil heads for weekly loss awaiting China recovery signs

February 3, 2023 by www.moneycontrol.com

Oil Oil prices made modest gains in early trade on Friday but were heading for a second straight week of losses, as the market looked for more signs of a strong recovery in fuel demand in China to offset looming slumps in other major economies. Brent crude futures rose 16 cents, or 0.2%, to $82.33 a barrel at 0110 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 18 cents, or 0.2%, to $76.06 a barrel. So far this week, Brent has dropped by 4.8%, extending a 1.1% loss from the previous week. WTI has fallen by 4.5% after sliding 2% in the prior week. Mixed signs of a fuel demand recovery in China, the world's top oil importer, have kept a lid on the market. ANZ analysts pointed to a sharp jump in traffic in China's 15 largest cities following the Lunar New Year holiday, but also noted that Chinese traders had been "relatively absent" from markets. Read More The prospect of an economic rebound in China after COVID-19 curbs eased has buoyed … [Read more...] about Oil heads for weekly loss awaiting China recovery signs

Filed Under: Uncategorized Oil, crude, Brent, Commodities, OPEC, how to use mct oil for weight loss, how to take mct oil for weight loss, scabs on head hair loss, burdock root oil for hair loss, jojoba oil for hair loss, jojoba oil and hair loss, can jojoba oil cause hair loss, clove oil for weight loss, canola oil for weight loss, mct oil diet weight loss, mct oil and weight loss, krill oil and weight loss, canola oil and weight loss, coffee with butter and coconut oil for weight loss, parvo recovery signs, parvovirus recovery signs, how much borage oil for weight loss, hypothalamic amenorrhea recovery signs, china recovery, amenorrhea recovery signs

Fuel Prices on February 3: Check petrol, diesel rates in Delhi, Mumbai and other cities

February 3, 2023 by www.moneycontrol.com

Petrol and diesel in Delhi cost Rs 96.72 and Rs 89.62 per litre. In Mumbai, petrol is being sold for Rs 106.31 a litre and diesel for Rs 94.27 a litre Petrol and diesel prices held steady across metro cities on February 3, the latest price notification issued by fuel retailers showed. Petrol and diesel in Delhi cost Rs 96.72 and Rs 89.62 a litre, respectively. In Mumbai, petrol is being sold for Rs 106.31 per litre and diesel for Rs 94.27. Petrol and diesel are priced at Rs 102.63 and Rs 94.24 in Chennai and at Rs 106.03 and Rs 92.76 in Kolkata, respectively. The Union Budget for 2023-24 announced investment of Rs 30,000 crore to state-owned fuel retailers to make up for the massive losses they ran because of holding petrol and diesel prices despite rise in cost in a bid to help the government contain inflation. Finance Minister Nirmala Sitharaman has allocated the money under the head "capital support to oil marketing companies". It offered no explanation why the … [Read more...] about Fuel Prices on February 3: Check petrol, diesel rates in Delhi, Mumbai and other cities

Filed Under: Uncategorized fuel subsidies, oil, petrol, diesel prices, mumbai to delhi flight rates, mumbai to delhi flight rate, on highway diesel fuel prices, diesel fuel prices map, fuel price check, national u.s. average on-highway diesel fuel price, petrol and diesel price in india chart, petrol diesel price in up today, why prices of petrol and diesel going up, petrol diesel price in j&k, petrol diesel price m.p, wagon r petrol price in mumbai, petrol diesel price in u p today, petrol price v diesel, petrol price 2 february 2021, pakistan today petrol diesel price, up today diesel petrol price, up today petrol diesel price, diesel v petrol prices

Primary Sidebar

RSS Recent Stories

  • Army Rangers Shoot and Kill 2 Drug Runners in Chiang Rai
  • Cancer Diagnosis Early Saves Lives
  • 4 Ways To Incorporate Mushrooms Into Your Health Regime
  • Landers to locate in Ayala Land Estates’ three prime sites
  • PSEi again reclaims 7,000 in dizzying end to the week
  • PH garments exporters to make fresh pitch to Japan
  • Food inflation still a problem globally, says UN report
  • Sy, Musk venture to finally offer internet services in PH by March
  • Senate sensitivity to social justice
  • Marcos admin OKs 1st PPP project: P6-B UP-PGH Cancer Center

Sponsored Links

  • How American stocks could continue to climb
  • Which is The Economist’s country of the year for 2021?
  • After a shocker in 2021, where might inflation go in 2022?
  • The hidden costs of cutting Russia off from SWIFT
  • Has the pandemic shown inflation to be a fiscal phenomenon?
Copyright © 2023 Business News. Power by Wordpress.
Home - About Us - Contact Us - Disclaimers - DMCA - Privacy Policy - Submit your story